The NCAA will fine Penn State at least $30 million and perhaps as much as $60 million for its involvement in the Jerry Sandusky scandal, industry sources told CBSSports.com's Brett McMurphy.

The record fine will go toward an endowment for children's causes, sources said.

"This is a fine like no fine before," an industry source told CBSSports.com.

CBSSports.com's Dennis Dodd has reported Penn State will face "significant penalties that could severely damage the football program's ability to compete" when the NCAA announces sanctions against the football program at a 9 a.m. news conference Monday.

To put the fine in perspective, Penn State's athletic department had $116 million in revenue for the 2010-11 school year, the most recent data available according to figures from the U.S. Department of Education's Equity in Athletics.

A source told CBS News correspondent Armen Keteyian that Penn State will suffer "unprecedented" punishment for its collective failure to report Sandusky, recently convicted on 45 counts of sexual abuse, to the proper authorities.

"I've never seen anything like it," the source told Keteyian, indicating that both the football program and the school itself would face sanctions.

Per Dodd, a person with knowledge of the process said there is a way to impact Penn State's competitive ability in football without applying the so-called death penalty. That term could be mere semantics by the time the NCAA sanctions are announced according to a source. Penn State, the source said, may prefer the death penalty.

[Snip]

David Jones of the Patriot-News reported that regardless of the severity of the sanctions, "they will not be appealed or substantively challenged." According to Jones, the university is "desirous of a positive relationship with the NCAA in the future" and won't jeopardize that relationship with an appeal.

The NCAA should just clip off the East side of the Big 10...’tween Penn State and the University of Indiana’s cover-up and pedo sexploitation of those linked with Kinsey’s “researchers”...the Big 10 is one THE most embarrassing presence in the NCAA today.

The NCAA wants to get some money before the lawsuits start coming in. It might be one thing if it were to distribute the money among the victims, but they won’t. Instead they’ll just set up some self-serving program and wave it before a gullible public who will think that they are actually doing something.

To put the fine in perspective, Penn State's athletic department had $116 million in revenue for the 2010-11 school year, the most recent data available according to figures from the U.S. Department of Education's Equity in Athletics.

Penn State has plenty of wealthy alumni who are Joe Paterno apologists, and who won't mind coughing up the money to help the athletic department get over that little bump.

A fine will not harm Penn State's athletic department. Now what they do on Monday is another story. I personally question whether the NCAA has the guts to really send a lesson to Penn State. I don't believe they do.

why is the NCAA fining and punishing students who had nothing to do with it?

You know, an Ivy League degree has usually wielded a higher price tag than degrees from other universities.

Well, the reverse is NOW true (from here on out) re: Penn State. If you show lack of discernment and pay tuition to Penn State -- Ped U -- then you're essentially "buying" a degree whose value has just been "yard saled." You're buying a degree that's not just been tossed in the toilet, but tossed in the sewer!

So, ANY students continuing on @ Penn State -- or about to at some point join the Nittany Lion bandwagon -- have of their own volition ... minus anything the NCAA does or doesn't do ... an extremely "discounted" degree (in the eyes of the public & hiring managers).

The Kenyan must go.

Since when has an organization like the NCAA had the power to levy a fine such as this? I can see sanctions and prohibiting athletic scholarships etc., but a fine? I would like to think that only a court had this power.

Since when has an organization like the NCAA had the power to levy a fine such as this? I can see sanctions and prohibiting athletic scholarships etc., but a fine?

Oh, with Penn State's personality cultists willing to open their checkbooks, this amount is a drop in the bucket. (Just chock it up as an "ante up" fee for Penn State's willingness to join THE pedophile conference)

I am a PSU fan. Have been since my youngest years.
PSU isn’t going to dwindle away.
It’s a great school. The Sandusky crimes, and those of the officials who didn’t do all they could to stop him, are the crimes of those who participated. Collective punishment stinks and any so-called ‘’conservative’’ who pushes collective guilt and punishment is welcome to kiss my lily white tookus.
Because a few dirtbags failed, are we to flog the entire community?
Let those who did the crimes do the time.

30
posted on 07/22/2012 6:31:24 PM PDT
by Thumper1960
(A modern so-called "Conservative" is a shadow of a wisp of a vertebrate human being.)

I am a PSU fan. Have been since my youngest years.
PSU isn’t going to dwindle away.
It’s a great school. The Sandusky crimes, and those of the officials who didn’t do all they could to stop him, are the crimes of those who participated. Collective punishment stinks and any so-called ‘’conservative’’ who pushes collective guilt and punishment is welcome to kiss my lily white tookus.
Because a few dirtbags failed, are we to flog the entire community?
Let those who did the crimes do the time.

31
posted on 07/22/2012 6:31:38 PM PDT
by Thumper1960
(A modern so-called "Conservative" is a shadow of a wisp of a vertebrate human being.)

Since when has an organization like the NCAA had the power to levy a fine such as this? I can see sanctions and prohibiting athletic scholarships etc., but a fine? I would like to think that only a court had this power.

It's part of their contract with the NCAA. Other sports leagues and teams also have fines for misbehavior.

It might not be enforceable if Penn State leaves the NCAA, but I don't see that happening.

32
posted on 07/22/2012 6:35:16 PM PDT
by KarlInOhio
(You only have three billion heartbeats in a lifetime.How many does the government claim as its own?)

BINGO! Penn State is the outhouse of the college football world. HOWEVER the NCAA is a corrupt institution. I want Penn State to pay ANYBODY but the NCAA. If $60 million is paid I say less than 10 percent will ever be used to benefit a victim.

Your are correct. And just what will happen to that money once paid? After the fact will not be healed by giving money to the void. If anything they should also be investigated for allowing buggery. God knows how many people kept their filthy mouths shut in the name of that religion political correctness! Heaven forbid some faggot gets outed.

It seems that only thing that gets Penn. State attention is the NCAA hammering them.

They show no signs of remorse for what happened, only a digging in of their heels since their donations haven't fallen of.

If the NCAA hadn't gotten involved that statue would still be there.

So, I frankly don't want to hear whining from the PSU alumi who have constantly defended the school despite all the evidence that it's leadership, including Paterno were involved in a criminal cover-up.

The Alumi have no one to blame but themselves for these penalites.

40
posted on 07/22/2012 7:26:24 PM PDT
by fortheDeclaration
(Pr 14:34 Righteousness exalteth a nation:but sin is a reproach to any people)

One of the best things would be to severely limit psu’s scholarship allotment to about 20 per year for several tears, crippling the program. Let ‘em cheer for Pedstate as they lose to Indiana University.

47
posted on 07/22/2012 7:47:28 PM PDT
by InvisibleChurch
( if you love, you will not condemn, and if you condemn, you cannot love)

A place offering annual events.like “Cunt Fest” and “Sex Faire” have become sleazy party schools, what ever else goes on.

When Spanier’s mess is cleaned up, it might become good again, but as things now stand the entire university is deserving of ridicule. As is any individual even if unconnected who tries to claim other wise.

Give up on this one, and throw your effort where it belongs - working with other alumni to clean things up, even if it means litigation to restore the lost value of your degree.

49
posted on 07/22/2012 8:24:27 PM PDT
by MrEdd
(Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)

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